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141.0406 Time frame for claiming coal incentive tax credit allowed under KRS 141.0405.

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Page 1 of 1 141.0406 Time frame for claiming coal incentive tax credit allowed under KRS 141.0405. (1) Except in the case of an alternative fuel facility as defined in KRS 154.27-010 or a gasification facility as defined in KRS 154.27-010, the Coal Incentive Credit <br>authorized under KRS 141.0405 shall be allowed for ten (10) consecutive years <br>beginning on July 15, 2001. (2) In the case of an alternative fuel facility as defined in KRS 154.27-010 or a gasification facility as defined in KRS 154.27-010, the Coal Incentive Credit <br>authorized by KRS 141.0405 shall be allowed for tax periods beginning after <br>December 31, 2008, and ending before January 1, 2021. (3) Continuation of the credit authorized under this section shall require reauthorization by the General Assembly. Effective: August 30, 2007 <br>History: Amended 2007 (2d Extra. Sess.) Ky. Acts ch. 1, sec. 19, effective August 30, 2007. -- Created 2000 Ky. Acts ch. 320, sec. 3, effective July 14, 2000. Legislative Research Commission Note (7/14/2000). Although 2000 Ky. Acts ch. 320, sec. 3, directed that this section was created as a new section of KRS Chapter 131, <br>the statute has been codified in KRS Chapter 141 because that chapter of the statutes <br>is the more logical placement and, given the subject matter of the two KRS chapters, <br>the assignment to KRS Chapter 131 may well have been a typographical error. See <br>KRS 7.136(1)(a).